Norsk Hydro ASA (OTCMKTS:NHYDY) Shares Gap Down – What’s Next?

Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) gapped down before the market opened on Tuesday . The stock had previously closed at $9.10, but opened at $8.55. Norsk Hydro ASA shares last traded at $8.50, with a volume of 46,336 shares trading hands.

Wall Street Analysts Forecast Growth

NHYDY has been the subject of a number of recent research reports. The Goldman Sachs Group downgraded Norsk Hydro ASA from a “buy” rating to a “sell” rating in a report on Monday. Wall Street Zen cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research note on Sunday, October 26th. BNP Paribas Exane upgraded Norsk Hydro ASA to an “outperform” rating in a research report on Friday, December 5th. Danske raised Norsk Hydro ASA to a “hold” rating in a research note on Monday, October 27th. Finally, Royal Bank Of Canada downgraded shares of Norsk Hydro ASA from an “outperform” rating to a “sector perform” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Norsk Hydro ASA Price Performance

The stock has a market capitalization of $16.96 billion, a P/E ratio of 27.65, a PEG ratio of 0.30 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.25 and a current ratio of 1.91. The business has a fifty day simple moving average of $8.35 and a 200-day simple moving average of $7.34.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its earnings results on Friday, February 13th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.82 billion. Norsk Hydro ASA had a net margin of 3.06% and a return on equity of 9.44%. Sell-side analysts expect that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA is a Norwegian industrial company with a primary focus on aluminum production and renewable energy. Established in 1905, the company has grown from its roots in fertilizer manufacturing to become one of the world’s largest integrated aluminum producers. Its operations span the full value chain, including bauxite mining, alumina refining, primary aluminum production, and downstream processing of rolled and extruded products.

In addition to its aluminum business, Hydro maintains a significant portfolio of hydropower assets to support its energy-intensive processes.